Accurate Wealth Management LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,963 shares of the technology company's stock, valued at approximately $753,000.
Several other institutional investors and hedge funds have also made changes to their positions in TWLO. Victory Capital Management Inc. grew its holdings in Twilio by 21.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company's stock worth $1,558,000 after acquiring an additional 4,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock worth $128,396,000 after purchasing an additional 224,040 shares during the period. Citizens Financial Group Inc. RI bought a new position in shares of Twilio during the second quarter valued at approximately $308,000. Shariaportfolio Inc. increased its holdings in Twilio by 45.7% during the second quarter. Shariaportfolio Inc. now owns 18,054 shares of the technology company's stock valued at $1,026,000 after buying an additional 5,667 shares during the period. Finally, Blair William & Co. IL raised its stake in Twilio by 1.3% in the second quarter. Blair William & Co. IL now owns 99,144 shares of the technology company's stock worth $5,632,000 after buying an additional 1,251 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TWLO shares. The Goldman Sachs Group raised their price target on shares of Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Mizuho raised Twilio from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $85.00 to $140.00 in a research report on Wednesday, January 8th. Tigress Financial raised their price objective on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Monness Crespi & Hardt raised Twilio from a "neutral" rating to a "buy" rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Twilio has an average rating of "Hold" and a consensus target price of $93.61.
Read Our Latest Analysis on Twilio
Insider Activity
In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company's stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by insiders.
Twilio Trading Up 2.8 %
NYSE:TWLO traded up $3.14 during trading hours on Thursday, hitting $115.50. The company had a trading volume of 2,125,904 shares, compared to its average volume of 1,977,462. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $117.92. The company has a market cap of $17.71 billion, a P/E ratio of -44.94, a P/E/G ratio of 2.13 and a beta of 1.38. The company has a 50-day moving average of $105.85 and a 200 day moving average of $78.25. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.
About Twilio
(
Free Report)
Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.
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